Techsauce report on Thailand investments 2016

Thailand is becoming a hub for tech investors who have typically looked to Indonesia or Singapore for market entry, as detailed in Techsauce ‘Thai Tech Startup’ report. The co-founder Amarit Charoenphan comments,

Thailand’s solid infrastructure, business stability and low operating costs make it a perfect storm for startups.

Countries such as Indonesia often get a lot of investor attention because of the vast demographic and Internet penetration. However, it is still a very underdeveloped landscape with one of the lowest credit card penetration rates in ASEAN at 6%. Despite Thailand experiencing two government overthrows in the last six years, the country has experienced 29x growth in startup investment since 2011.

The number of startups have grown significantly as of June 2016

The number of startups have grown significantly as of June 2016

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Key highlights about Thailand’s investment landscape:

  • The number of Thai startups has risen 29 times over the past four years
  • Funds raised by Thailand based startups shot up to over $108 million from just $2.1 million in 2012
  • The biggest investment round by a startup in 2012 was $2 million. As of June 2016, that number reached $15 million, raised by B2C ecommerce site Orami (formerly Moxy)
  • There are 60+ Venture Capitals and Corporates currently investing in Thailand, compared to just 1 in 2012
  • $150 million estimated in M&A since 1998, but only $37 million disclosed. This includes Orami and OLX Kaidee
  • The rate of total disclosed funding has also risen considerably, from $1 million in 2011 to $108 million in 2016

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The full version of  “Thai Tech Startup Ecosystem Report Q2” can be found here.

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